Business news from Ukraine

DUTCH BANK FMO CONSIDERS CREDITING OF SCATEC SOLAR PLANT BUILDING IN UKRAINE

The Dutch development bank FMO is considering the issue of up to EUR13.5 million for the construction of a solar power plant by Norway’s Scatec Solar in Ukraine, according to the website of the financial institution. FMO said the funds can be allocated within a syndicated loan, which is organized by the European Bank for Reconstruction and Development (EBRD). Scatec Solar plans at the expense of credit funds to build a solar plant with an installed capacity of 30 MW.
As reported, previously Scatec Solar signed an agreement with Rengy Development (Kyiv) on the joint implementation of projects for the construction of solar plants with a total capacity of 47 MW in Mykolaiv region. Scatec Solar has already built and operates 322 MW solar stations in various countries, while another 434 MW of photovoltaic plants are under construction.
The company operates in the Czech Republic, the Republic of South Africa, Rwanda, Honduras, and Jordan.

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